McGraw Hill Strengthens Digital Portfolio with Essaypop Acquisition
Deal News | Mar 24, 2025 | Globenewswire
McGraw Hill, a renowned global education company, has announced the acquisition of Essaypop, a cloud-based writing solution designed to simplify writing for both educators and students. Essaypop is a research-based platform offering personalized teaching experiences using the science of writing. It integrates step-by-step instructional support, writing templates, and a comprehensive library of lesson plans, accompanied by real-time feedback and data-driven insights to monitor student progress. The acquisition reflects McGraw Hill's strategy to enhance its personalized learning capabilities and digital transformation efforts. McGraw Hill, owned by Platinum Equity, describes Essaypop as a strategic addition to its portfolio, marking the company's fourth acquisition since its own purchase by Platinum Equity in 2021.
Sectors
- Education Technology (EdTech)
- Private Equity
Geography
- United States – The primary location of McGraw Hill's operations and the setting for this acquisition, showcasing the company's significant role in the U.S. education market.
Industry
- Education Technology (EdTech) – The acquisition of Essaypop, a digital writing solution, highlights the EdTech sector's focus within McGraw Hill's operations, signifying the integration of technology in education.
- Private Equity – Platinum Equity's ownership and strategic direction of McGraw Hill denote the influence and role of private equity in driving corporate acquisitions and digital transformations.
Financials
- – No specific financial terms or amounts were disclosed in the article regarding the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| McGraw Hill | Acquirer | Company | A leading global education company focused on providing personalized learning solutions. |
| Essaypop | Target Company | Company | An interactive, cloud-based writing solution designed to aid educators and students in the writing process. |
| Platinum Equity | Private Equity Owner | Company | A private equity firm owning McGraw Hill, overseeing its strategic acquisitions and digital transformation initiatives. |
| Jana Thompson | Chief Product Officer | Person | Chief Product Officer for McGraw Hill School, involved in integrating Essaypop into McGraw Hill's operations. |
| Michael Hicks | Founder | Person | Founder of Essaypop, advocating for its integration with McGraw Hill to enhance educational resources. |
| Jacob Kotzubei | Co-President | Person | Co-President of Platinum Equity, providing remarks on the strategic nature of the acquisition. |
| Matthew Louie | Managing Director | Person | Managing Director at Platinum Equity, involved in the strategic direction of the acquisition. |